Home / Tag Archives: Dr Kayode Fayemi

Tag Archives: Dr Kayode Fayemi

Why FG ceded controlling shares of ALSCON to Russian firm, UC Rusal

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More facts have emerged on why the federal government gave official recognition to Messrs UC Rusal, a Russian company, as the core investor in the Aluminium Smelter Company of Nigeria ...

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S’Minerals fail 2017 revenue target, contributes paltry N3.5bn to Federation Account

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Upon over N150bn federal budgetary allocation to the Ministry of Solid Minerals to drive sector capacity growth, the sector only managed to inject N3.5bn to the Federation Account between January ...

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‘N20bn for solid minerals exploration in 2018, a strong step towards diversification’

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The revelation that the Federal Government has earmarked N20bn for exploration activities in the solid minerals sector in 2018 has been welcomed by industry stakeholders, saying this is the first ...

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FG inspects Gold mining sites, sets aside N5bn for artisan miners

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For the first time in the history of the federal Ministry of Mines and Mineral Resources, a serving Minister, on Saturday inspected just one of the gold mining sites filled ...

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$9bn loss to activities of illegal miners, an indictment on Ministry—Expert

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The recent revelation by the Minister of Mines and Steel Development, Dr. Kayode Fayemi, at the end of a meeting of the Federal Executive Council (FEC), presided over by President ...

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Confusion still rages on fate of Ajaokuta Steel Complex

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Contrary to claims by the Federal Government that it will soon take decision on what happens to the Ajaokuta Steel Complex, there are serious indications that the matter surrounding the ...

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FG yields to pressure, awards oil block license to Ondo for bitumen exploration

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The Federal Government on Tuesday announced the award of an oil block license to Ondo State Government for bitumen exploration. According to the Minister of Mines and Steels Development, Dr. ...

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Why Fayemi’s ministry may not meet set targets of $27bn to GDP by 2025

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Contrary to a new document unveiled by the Federal Ministry of Solid Minerals, showing that it will make the sector pump in about $27bn to the gross Domestic product (GDP) ...

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Miners query Minister on whereabouts of W/Bank’s N45bn support for sector in 2016

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Angry miners who are protesting the rising cost of licences in the sector have raised questions for the Minister of Solid Minerals, Dr. kayode Fayemi, seeking to know how the ...

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